Dermasport
About this raise
Dermasport, with a valuation of $4.5 million, is raising funds on Wefunder. The company makes high-performance skincare for athletes using its superior sweat and water-resistant formulas. Dermasport currently makes products for swimmers that protect against prolonged UV exposure, chlorine and saltwater, and sweat. The business has a community of over 3,000 customers and subscribers and has generated $345,000 in sales from its successful MVP. Dr. Christopher Schmidt, Jerome Mix, and Karen Allard founded Dermasport in June 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $400,000. The campaign proceeds will be used for inventory, marketing, and working capital.
Investment Overview
Committed : $108,350
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 05/08/2025
- Close Date
- 09/26/2025
$100,000
$400,000
$100
SAFE
Early Stage
RegCF
$4,500,000
Company & Team
Company
- Year Founded
- 2022
- Industry
- Beauty & Personal Care
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
Financials
-
Revenue
-
$244,188
as of FY2024
- Monthly Burn
-
$8,000
as of May '25
-
Runway
-
24+ months
as of May '25
- Gross Margin
-
56%
as of FY2024
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,161,863
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/26/2025 | Wefunder | $4,500,000 | $108,350 | SAFE | Active | RegCF |